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Genasys (GNSS) Stock Up 105% Over The Past Year

Genasys Inc. (GNSS), previously known as LRAD Corporation (LRAD ticker), proceeds to give ‎long-term holders optimistic signals. The shares of the company have risen in price by 105 ‎percent over the past year. The key products of the business are selling well, and demand will ‎rise in the near future for them.‎

Loudspeakers for alarm and information systems are the major types of Genasys products, as ‎well as sound weapons that exert painful sound pressure and are used in the army and police.‎

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Genasys occasionally delivers bright news and gets into the glare of analysts, as it did in 2020, ‎when the COVID-19 issue caught the public’s interest. Genasys, however, began to enter into ‎new contracts, rapidly recovered shares from spring revenue losses and continued to expand. ‎Around the same time, the pandemic and widespread protests have given the need for alarm ‎devices and means to disperse demonstrators an additional lift.‎

The US military branches, including the military police, the National Guard and other units, are ‎continuing their purchases. As described in the explanation of the recent procurement of LRAD ‎‎450XL systems for $5.1 million, they are purchasing the most powerful LRAD sound weapons “in ‎case of a possible mass escalation.” Additional transactions can be made this year, which ‎ensures that investors in Genasys should be assured that purchases can proceed.‎

Compact, low profile, engineered especially for mounting on tripods, automobiles, seagoing ‎vessels and Common Remotely Operated Weapon Stations (CROWS), the LRAD 450XL ‎incorporates Genasys’ proprietary XL driver technology to produce nearly twice the weight and ‎size of the unit’s acoustic signal with the same high level of clarity and understandability ‎integrated with the LRAD product line.‎

Genasys Inc. (GNSS) slipped a bit by 0.77 percent to $6.44 on Wednesday but was stable at ‎‎+0.47% over the past week. The market capitalization of the firm now stands at $221 million.‎

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